Quote from: jrrsparkles on October 29, 2020, 04:44:43 PM

Quote from: cheezcarls on October 29, 2020, 11:02:41 AM

Quote from: Finn-in-web on October 19, 2020, 10:32:50 AM

Hi,

I have some experience in crypto trading (far from being a master though).
One question I came across is if there are different level of risks for different cryptos? I know that generally cryptos are like stocks, ie you only can lose what you invest; but obviously there are financial products to deal with leverage etc.

But if we take a simple example: If I just would like to buy some (simple) CEL shares for 1000 $, this would be the maximum I could lose right?
The reason I am asking is that for some COINS, on coingecko there is a disclamer saying 'Highly volatile investment product. Your capital is at risk.' (which is a banner sponsored by etoro, but it doesnt appear at all cryptos...)

I understand that with speculative cryptos you can lose part of or all of your investment, but is the risk limited to the amount i laid out? When I was trying to buy a similar crpto on binance they displayed some warning as well which confused me quite a lot...

If anyone could shed some light on this that would be appreciated.

I have to be completely honest with you. There are no different risk levels in crypto trading. No matter if you are a newbie, average Joe or experienced freak, the level of risk is the same, which is very high. Even experienced traders are making mistakes in their trading decisions, because nothing is guaranteed. The only stuff that mattered the most is how we manage our risks financially and how strong our emotions are in case it goes the other way around. Invest what you can afford to lose.

Same level of risks but experience may guide people to tackling the risks we are facing. We shouldn't set to any coins when we are a trader because crypto is unpredictable and volatile so we need to keep ourselves busy with picking up the right coins, after every profitable trades.

I think we have to admit that crypto is full of very high risks but the experience of doing and taking further actions will certainly also affect, even though the level of luck is also very decisive and quite high.
So sometimes it is true that the colleague said above that beginners or those who have been for a long time can experience mistakes and sometimes those who are doing business for the first time make a good contribution to themselves

but to be honest, experience is the most usable price because you can do it with predictions that you have experienced at least be able to do something that can be profitable even though it is not absolute.